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You are here: Home / Customs authorities to stop accepting cash

Customs authorities to stop accepting cash

An electricity bill. Vietnam is promoting cashless payment of public service charges. (Photo: thanhtra.com.vn) Hanoi (VNS/VNA) – Payments of import-export taxes and fees to customs authorities must all be conducted via cashless payment methods or through credit institutions from the beginning of April, according to a requirement recently issued by the General Department of Vietnam Customs . The move is an effort by the customs authorities to promote cashless payment to aid in Vietnam's shift towards e-Government and a non-cash economy. Under the new rule, all taxes and fees must be paid via bank transfer to the customs authorities' account at the State Treasury. The General Department of Customs asked provincial and municipal customs departments to cooperate with branches of commercial banks and the State Treasury to ensure convenience for firms paying customs taxes and fees. Cooperation between banks and public agencies has improved the quality of public services, and experts have said citizens are those who benefit the most from the change. According to Bui Sy Loi, Vice Chairman of the National Assembly's Committee for Social Affairs, paying public service charges via banks makes management easier and ensures transparency. Cashless payments will also save time and money for the… Read full this story

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Customs authorities to stop accepting cash have 282 words, post on en.vietnamplus.vn at March 8, 2019. This is cached page on Vietnam Colors. If you want remove this page, please contact us.

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